The latest report on Vascular Stent Market (by types (dual therapy stent, bioresorbable vascular scaffold, bio-engineered stent, bare metal stent, and drug eluting stent), material (metallic stents, polymer), mode of delivery (self-expanding stents, and balloon-expandable stents), product (peripheral stents, EVAR stent grafts, and coronary stents) end user (sub-markets include hospitals, cardiac centers, and ambulatory surgical centers)) provides complete and deep insights into the market dynamics and growth of vascular stent. The latest information on market risks, industry chain structure vascular stent cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential vascular stent growth factors. According to the report, the global vascular stent market is projected to grow at a CAGR of 7.5% over the forecast period of 2018-2024.
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Vascular stents are devices used for relieving the contraction of the blocked blood vessel. The vascular stent is a promising component in the rapid and effective approach to treating cardiovascular and cerebrovascular diseases. In this treatment, vascular stent along with a balloon is inserted into the lesion areas to support the narrow and blocked vessel areas. It also helps in reducing vessel elastic recoil and remodeling and preserve the patency of the blood flow.
Rising Prevalence of Cardiovascular Disease Drives the Growth of the Vascular Stent Market
The rising prevalence of cardiovascular disease drives the growth of the vascular stent industry. According to the WHO, more than 17 million people die annually from cardiovascular disease (CVD). Vascular stent plays an important role in the treatment of the cardiovascular and cerebrovascular diseases. The occurrence of these diseases is rising very rapidly owing to the changing lifestyle habits and environmental conditions that necessitate the use of vascular stents. A vascular stent is used to maintain the patency of structure vessels during the minimally intensive procedure. In addition, the growing adoption of vascular stents in minimally intensive surgeries is anticipated to boost the demand of vascular stent market. Furthermore, factors such as the growing aging population, rising healthcare expenditure, and helpful medical reimbursement policies contribute to the growth of the vascular stent market.
Moreover, the introduction of biodegradable materials and the metals & polymers with unique technological properties in the manufacturing of vascular stents are projected to create numerous opportunities in the vascular stent market. Additionally, the growing technological advancements in the healthcare sector and the increasing prevalence of chronic diseases are likely to create a positive impact on the vascular stent market in the upcoming years.
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North America Holds the Maximum Market Share in the Vascular Stent Market
Among the geographies, North America holds the maximum market share in the vascular stent market followed by Europe. The growing prevalence of chronic disease, high adoption of minimally invasive surgery and the presence of large market players are driving the growth of vascular stent market in the North America region. Furthermore, the developed healthcare infrastructure is expected to contribute to the growth of the vascular stent market in the North America region. In addition, Asia Pacific is the fastest-growing region in the vascular stent market owing to the growing geriatric population, rising healthcare expenditures.
Segmentation of the Vascular Stent Industry
The report on global vascular stent market covers segments such as types, material, and mode of delivery, product, and end-user. On the basis of types, the sub-markets include dual therapy stent (DTS), bioresorbable vascular scaffold (BVS), bio-engineered stent, a bare metal stent (BMS), and drug-eluting stent (DES). On the basis of material, the sub-markets include metallic stents, polymer, and others. On the basis of mode of delivery, the sub-markets include self-expanding stents and balloon-expandable stents. On the basis of product, the sub-markets include peripheral stents, EVAR stent-grafts, and coronary stents. On the basis of the end user, the sub-markets include hospitals, cardiac centers, and ambulatory surgical centers.
Key Players in the Vascular Stent Market
The report provides profiles of the companies in the vascular stent market such as IBM, Accenture, AWS, Grid+, Oracle, BigchainDB GmbH, Microsoft, Nodalblock, Power Ledger Pty Ltd, and BTL.
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- Comprehensive analysis of global as well as regional markets of the vascular stent.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.